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Question: 1/24 Closing Price:
<$32,000 - 2 (13.3%)
$32,000-$33,000 - 2 (13.3%)
$33,000-$34,000 - 0 (0%)
$34,000-$35,000 - 3 (20%)
$35,000-$36,000 - 1 (6.7%)
$36,000-$37,000 - 1 (6.7%)
$37,000-$38,000 - 2 (13.3%)
$38,000-$39,000 - 0 (0%)
$39,000-$40,000 - 0 (0%)
$40,000-$41,000 - 1 (6.7%)
$41,000-$42,000 - 0 (0%)
>$42,000 - 3 (20%)
Total Voters: 15

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25067410 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13 users deleted.)
sonofliberty
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May 20, 2014, 03:23:03 PM

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May 20, 2014, 03:24:26 PM

So, panic buying once $475 is broken?

I have the finger pointed on the red button personally. Jumping in @ 480.

Aaand...
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May 20, 2014, 03:24:39 PM

daily volume is still low ... we have to wait. looks more like some panic buys because there was no drop to the down side.

why would that indicate a panic buy?

Maybe people feel safe to buy, because they think the bottom is in?

 I think there is enough genuine indicators that we are changing long term trend that large money has more confidence than it has since last year.

As always, I think it heavily depends on your appetite for risk...


Balls of steel, and there at the right time? buying at $340

Don't care about bear market, it feels cheap? $420

Waiting for some confirmation, like break of long term downtrend? $470 (now)

Further confirmation by volume and price? Probably around $520.

Kinda slow to get in, but at least you know we're done with the downtrend for good? Above SMA200, ~$620


My point is, I wouldn't count on "big money" getting in right now just because we broke a bit of resistance. But another group of people sitting on fiat saw a few more signs that we're (slowly, maybe) turning around, and got in. I'm one of them.

I think "big money" will buy in small today. Enough technical indicators have fired today to start bots making small buys, I think if you look back at today from the last few weeks volume will be considerably larger. Do I think they have all jumped on board Richard Bransons moon rocket v 1.2348 today? no. But I do think some buys have been made by some large players when we broke that 465 long term downtrend line.
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May 20, 2014, 03:25:46 PM

I love watching the demographic during rallies and crashes, its hilarious.

There are certain people that you can guarantee will be offering all their knowledge of how they knew it was going up/down while it goes in the direction of their book but are nowhere to be seen when its going the other. Probably too busy trying to hit the close short button with their bear paws Cheesy
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May 20, 2014, 03:26:28 PM

some big seller probably triggered a panic buy, so he could dump with a better price
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May 20, 2014, 03:27:40 PM

Hang on boys!

It's accelerating!
dreamspark
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May 20, 2014, 03:27:40 PM

some big seller probably triggered a panic buy, so he could dump with a better price


quoted for the lulz. C'mon at least come up with something better than that.
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May 20, 2014, 03:27:55 PM

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May 20, 2014, 03:28:52 PM

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May 20, 2014, 03:29:18 PM

So, panic buying once $475 is broken?

I have the finger pointed on the red button personally. Jumping in @ 480.

Aaand...

hd060053
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May 20, 2014, 03:29:27 PM

watch at huobi when it comes back online.

btcchina is 40 cny higher
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May 20, 2014, 03:29:58 PM

So when will we see the moon?
tonight! just look at the sky when it's already dark outside Grin Grin Grin

Mooooon  Grin Grin Grin
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May 20, 2014, 03:30:03 PM

 Shocked wow i just can't stop looking at bitcoinwisdom
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May 20, 2014, 03:31:34 PM

I wonder when TERA will acknowledge the fractal pattern has been broken. Maybe still too early, but this could go in the right direction (north)

She won't. She lives in some kind of fantasy world. Right now she's staring at the screen trying to figure out why her $320 buy order didn't fill.
She'll be here soon enough crying about bull traps and how we will go down.
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May 20, 2014, 03:31:39 PM

Well, it was about time for btc to start moving
ChrisML
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May 20, 2014, 03:32:06 PM

ALRIGHT. TIME FOR SOME BREAKOUT CHARTS. BRING EM IN BOYS.
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May 20, 2014, 03:32:35 PM

Watching this pump :

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May 20, 2014, 03:33:06 PM

Huobi has yet to break the March-April tops log triangle (currently about 2900 CNY).

edit: nvm.. just noticed they are offline.
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May 20, 2014, 03:33:54 PM

Looking at the Bitfinex charts shorts have only gone down by 100BTC or so. Theres still a lot of squeezing left in this.
dreamspark
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May 20, 2014, 03:34:48 PM

Huobi has yet to break the March-April tops log triangle (currently about 2900 CNY).



Its also currently offline Wink

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